One of the most advantageous aspects of the Michigan Business Corporations Act and the Limited Liability Act is that protection is created for a business owner’s assets if a company defaults on its loans or has a judgment against it. If a business owner fails to adhere to the law and pierces the corporate veil,… [Continue Reading]
Why do I Need a Business Attorney?
Today’s do-it-yourself mindset has led to many new business owners to handle many legal matters on their own without the assistance of an attorney. While there are many websites that offer seemingly affordable legal document preparation and filing assistance, these alternatives are rarely suited to helping you if your business runs into a serious legal… [Continue Reading]
Filing for Chapter 11 Bankruptcy as a Small Business
Even businesses that are founded on great ideas can fail to be as profitable as their owners intended. While a business owner still believes in his or her idea, the business may fail because of debts to creditors and dwindling assets to cover them. In this situation, a business owner can choose to file for… [Continue Reading]
